by Indy » Thu Dec 04, 2014 9:10 am
What I find interesting is that for a long while there, rich people were taxed a LOT and--ta-da!--they were still rich and our economy was booming. Also: the gov't wasn't lacking in funds because when you tax those with the most wealth, duh, you end up with more money.
Somewhere along the line we decided that not only should they be paying way less--even less than blue-collar workers. And this was all built on the illusion of what was previously called "trickle down" but what is now called allegedly "job creation," yet which creates no jobs. Not only do they not create jobs they move that money out of the country... and sit on it.
That's what's so bizarre: we decided that it's best if we let the upper 10% suck up the majority of the wealth, take it OUT of the economy and sit on it.
They certainly spend when it comes to buying our gov't though.